FRANKFURT, Germany--(BUSINESS WIRE)--ACE Group today announced the appointment of Charles Villette as Surety
Underwriting Manager in Germany, as it expands its surety capabilities
in Europe’s biggest economy.

Charles Villette will be responsible for the growth and development of
ACE’s surety capabilities in Germany and support the continued
development of ACE’s European surety offering. Charles has more than ten
years of insurance industry and surety experience and joins ACE from a
major international insurer where he was Head of International Surety
Business. Charles has a degree in Business Administration and holds a
Master’s of Science in Finance. He will take up this newly-created role
from October 1st and will be based in Frankfurt. He will
report to Luc Reuter, Senior Vice President and Head of Surety for ACE
in Europe.

Andreas Wania, ACE Country President, Germany, said:

“This appointment underlines our commitment to providing a broad
proposition for our most significant clients in Germany. Charles is an
experienced surety professional; his knowledge of the local as well as
the international surety market will help us provide superior cover to
the increasing number of companies in Germany that are seeking
alternative credit lines.”

Luc Reuter, Senior Vice President and Head of Surety for ACE in Europe,
said:

“The expansion of our surety offering in Europe has been welcomed by
both brokers and reinsurance partners. The expansion of our surety
proposition in Germany is the next natural step in our strategy since
2012, and addresses the rising needs of successful companies exporting
abroad. ACE’s AA rating, global presence and great underwriting
expertise give us a strong platform to grow our offering.”

ENDS

About ACE:

ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of the ACE
Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index.